Experience Shapes Preference for

question 26

Multiple Choice

Experience shapes preference for

• A) own-race faces over other-race faces.
• B) top-heavy stimuli over bottom-heavy stimuli.
• C) attractive faces over unattractive faces.
• D) all of these.

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Definitions:

Marginal Utility

The extra pleasure or benefit a consumer gets from consuming an additional unit of a product or service.

Oysters

Marine mollusks that are enclosed in a hinged shell, often cultivated or harvested for food.

Beers

Alcoholic beverages made from fermenting cereals, primarily barley, and flavored with hops.

Maximizing Utility

The economic principle wherein individuals or firms seek to get the greatest satisfaction or return from their resources and choices, under the constraints they face.